Segment Reporting

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company has three reporting segments: the Global Ceramic segment, the Flooring North America (“Flooring NA”) segment and the Flooring Rest of the World (“Flooring ROW”) segment. The Global Ceramic segment designs, manufactures, sources and markets a broad line of ceramic tile; porcelain tile; natural stone, quartz, porcelain slab countertops; and other products, which it distributes primarily in North America, Europe, South America and Russia through its network of regional distribution centers and Company-operated service centers using Company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through Company-operated service centers, independent distributors, home center retailers, tile and flooring retailers and contractors. The Flooring NA segment designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pad, laminate and resilient (includes sheet vinyl and LVT) and wood flooring, which it distributes through its network of regional distribution centers and satellite warehouses using Company-operated trucks, common carrier or rail transportation. The segment’s product lines are sold through various selling channels, including independent floor covering retailers, distributors, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial contractors and commercial end users. The Flooring ROW segment designs, manufactures, sources, licenses and markets laminate, wood flooring, roofing elements, insulation boards, medium-density fiberboard (“MDF”), chipboards, other wood products, sheet vinyl and LVT, which it distributes primarily in Europe, Australia, New Zealand and Russia through various selling channels, which include retailers, Company-operated distributors, independent distributors and home centers.

The accounting policies for each operating segment are consistent with the Company’s policies for the consolidated financial statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income.

Segment information is as follows:

	Three Months Ended			Six Months Ended
	July 3, 2021		June 27, 2020	July 3, 2021	June 27, 2020
Net sales:
Global Ceramic segment	$	1,039,503	753,335	1,969,374	1,601,785
Flooring NA segment	1,081,189		800,088	2,050,439	1,648,418
Flooring ROW segment	833,141		496,377	1,603,046	1,085,360
Total	$	2,953,833	2,049,800	5,622,859	4,335,563
Operating income (loss):
Global Ceramic segment	$	136,435	(33,809)	224,239	14,168
Flooring NA segment	115,943		(45,484)	197,241	(9,278)
Flooring ROW segment	163,886		29,478	323,192	105,294
Corporate and intersegment eliminations	(11,840)		(11,143)	(22,733)	(19,660)
Total	$	404,424	(60,958)	721,939	90,524

	At July 3, 2021		At December 31, 2020
Assets:
Global Ceramic segment	$	5,206,786	5,250,069
Flooring NA segment	3,870,309		3,594,976
Flooring ROW segment	4,240,433		4,194,447
Corporate and intersegment eliminations	1,475,265		1,288,259
Total	$	14,792,793	14,327,751